Safwan Thabet’s Juhayna to Lift Prices as Costs Surge, Defying Egypt’s Cut Drive
Juhayna plans gradual hikes to offset soaring import costs post-devaluation—even as retailers slash prices.
Sibanye narrows loss to $211 million in H1 2025 under Neal Froneman
Sibanye Stillwater narrows H1 2025 loss to $211 million under CEO Neal Froneman, showing signs of recovery amid weak metal markets and operational restructuring.
Accelerate Property Fund, partly owned by Michael Georgiou, sells two Gauteng shopping centers
Accelerate Property Fund sells Buzz and Waterford Centers for $12.2 million to reduce debt, improve liquidity.
Oprah Winfrey, world’s richest Black woman, is $100 million richer
Oprah Winfrey’s net worth rises by $100 million, reaching $3.1 billion, cementing her as the world’s richest Black woman.
Nigerian aviation mogul Allen Onyema's Air Peace to build maintenance hub in Lagos
Air Peace, led by Allen Onyema, will build a Lagos MRO hub to boost local aviation and cut overseas maintenance costs.
Beyoncé, Jay-Z buy $11.5 million U.K. estate while carrying $110 million Bel-Air debt
Beyoncé and Jay-Z buy an $11.5 million Cotswolds estate, adding privacy and scenic views to their $300 million global property portfolio.
Billionaire Mo Dewji partners with Kym Rapier Foundation to deliver free eye care in Tanzania
Mo Dewji Foundation, led by Tanzanian billionaire Mohammed Dewji, and the Kym Rapier Foundation fund free cataract surgeries and eye camps across Tanzania.
French billionaire’s firm Canal+ moves forward with $2.9 billion MultiChoice deal
The approval clears one of the last regulatory hurdles, allowing Canal+ to proceed with its mandatory offer to minority shareholders.
Ethiopia’s richest man Mohammed Al-Amoudi gains $2.2 billion; wealth nears $8 billion
Mohammed Al-Amoudi’s fortune rises $2.2 billion after Svenska sale, pushing his net worth toward $8 billion.
South African billionaire Patrice Motsepe drives Harmony Gold to $4.1 billion revenue
Harmony Gold, led by Patrice Motsepe, posts $4.07 billion revenue and $824 million profit as higher prices offset weaker output.
South African mogul Jannie Moolman’s Moolman Group starts work on Prince Buthelezi Mall
Moolman Group begins work on Prince Buthelezi Mall, a multi-million-dollar retail hub in Empangeni, KwaZulu-Natal.
Prosus, led by South African billionaire Koos Bekker, in talks to invest $200 million in Rapido
Prosus, led by Koos Bekker, is in talks to invest $200 million in Indian ride-hailing firm Rapido, valuing it above $2.5 billion.
Africa's richest man, Aliko Dangote, gets $2.5 billion deal in Ethiopia
Aliko Dangote signs $2.5 billion fertilizer deal with Ethiopia to cut costly imports, boost food security and expand Africa’s farm output.
Orascom Construction, led by Egypt's richest family, reports $9.6 billion backlog in first half
Orascom Construction, led by Egypt’s Sawiris family, posts $9.6 billion backlog and $3.4 billion in new H1 2025 awards globally.
South African billionaire Johann Rupert’s Richemont brings Panerai’s first boutique to Stuttgart
Richemont, led by Johann Rupert, opens Panerai’s first Stuttgart boutique, expanding in Europe as Specialist Watchmakers find stability amid global headwinds.
South African brothers, Brett and Mark Levy, lead Blue Label Telecoms to $140 million profit
Blue Label Telecoms, led by Brett and Mark Levy, posts $140.6 million profit as Cell C turnaround and digital growth drive headline earnings surge.